Total SA (TOT) Short Interest Down 67.9% in December
Total SA (NYSE:TOT) was the target of a significant decline in short interest during the month of December. As of December 29th, there was short interest totalling 2,446,290 shares, a decline of 67.9% from the December 15th total of 7,611,287 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 1,186,923 shares, the days-to-cover ratio is presently 2.1 days.
Several large investors have recently bought and sold shares of TOT. Wells Fargo & Company MN grew its holdings in shares of Total by 9.2% during the third quarter. Wells Fargo & Company MN now owns 6,952,181 shares of the oil and gas exploration company’s stock valued at $372,080,000 after purchasing an additional 587,013 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in shares of Total during the third quarter valued at approximately $15,087,000. Assetmark Inc. grew its holdings in shares of Total by 385.7% during the third quarter. Assetmark Inc. now owns 305,261 shares of the oil and gas exploration company’s stock valued at $16,338,000 after purchasing an additional 242,414 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Total during the third quarter valued at approximately $12,512,000. Finally, Ameriprise Financial Inc. grew its holdings in shares of Total by 12.0% during the second quarter. Ameriprise Financial Inc. now owns 1,480,198 shares of the oil and gas exploration company’s stock valued at $73,405,000 after purchasing an additional 158,455 shares during the last quarter. 5.38% of the stock is owned by institutional investors.
Several analysts recently weighed in on the company. Cowen reissued a “buy” rating and issued a $58.00 price objective on shares of Total in a report on Tuesday, September 19th. TD Securities reissued a “buy” rating and issued a $20.00 price objective on shares of Total in a report on Friday, November 24th. Goldman Sachs Group reissued a “buy” rating on shares of Total in a report on Monday, December 11th. Canaccord Genuity reissued a “buy” rating and issued a $19.00 price objective on shares of Total in a report on Tuesday. Finally, Scotiabank reissued a “hold” rating and issued a $62.00 price objective on shares of Total in a report on Thursday, December 21st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $46.29.
Total (NYSE:TOT) last announced its quarterly earnings data on Friday, October 27th. The oil and gas exploration company reported $1.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.07 by ($0.03). The firm had revenue of $43.04 billion during the quarter. Total had a net margin of 4.90% and a return on equity of 9.39%. equities analysts anticipate that Total will post 4.14 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 19th. Stockholders of record on Monday, December 18th will be issued a dividend of $0.734 per share. This represents a $2.94 annualized dividend and a dividend yield of 5.01%. The ex-dividend date is Friday, December 15th. Total’s dividend payout ratio (DPR) is presently 35.65%.
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Total SA (Total) is an oil and gas company. The Company has three segments: an Upstream segment, including the activities of the exploration and production of hydrocarbons, and the activities of gas and power; a Refining & Chemicals segment constituting an industrial hub consisting of the activities of refining, petrochemicals and specialty chemicals, and also includes the activities of oil trading and shipping, and a Marketing & Services segment, including the activities of supply and marketing in the field of petroleum products, as well as the activity of New Energies.
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